Important of comply or explain model of corporate governance

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Important of comply or explain model of corporate governance
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Introduction

The set of rules, methods, and practices for guiding and controlling market enterprises is referred to as a corporate governance code. It entails balancing the interests of the company's many stakeholders by safeguarding their rights and interests. Furthermore, it encompasses all management activities such as internal controls, action plans, performance evaluation, and corporate transparency. Despite the fact that all systems have the same goals, the rights, framework, and governance structures differ from country to country. Furthermore, due to differences in corporate structure, various corporations operate differently in different nations. As a result, the corporate governance code varies.

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